Exciting re-commitment to Penticton brings 150 new jobs and a $25 million construction investment
May 13, 2016 – Penticton, BC – Gateway Casinos & Entertainment (Gateway) today officially launched construction of Cascades Casino Penticton. This premier entertainment and gaming property brings a spectacular gaming floor and exciting entertainment and culinary options to the city’s South Okanagan Events Centre (SOEC). The project will bring up to 150 new jobs and a $25 million investment to the Penticton economy.
Cascades Casino Penticton will be the go-to destination for gaming, entertainment and dining experiences. Match Eatery and Public House, Gateway’s signature restaurant, will open featuring an open-air rooftop patio.
“The SOEC is the perfect home for the newest addition to the Gateway family of gaming and entertainment properties,” said Tony Santo, CEO of Gateway Casinos & Entertainment. “I am excited to get moving on this project and excited to get it completed. Cascades Penticton will truly have something for everyone.”
In addition to the long-term and ongoing investment, of 400 casino employees, construction will see an immediate injection of 200 person-years of construction employment to the region.
“This is great for Penticton,” said Mayor Andrew Jakubeit. “Gateway Casinos has been a long-time member of our community and their multimillion dollar investment secures our casino host community funding, new jobs and enhances our vision for the SOEC complex to be a premiere destination for entertainment, dining, and events. We look forward to the opening date in 2017 when the BC Wine Information store returns to its original location as part of a signature building on this high profile corner.”
Today’s ground breaking marks the beginning of construction that will be ongoing throughout 2016 with the grand opening planned for spring 2017.